KUALA LUMPUR, May 21 (Bernama) -- The total trade of the electrical and
electronics (E&E) sector is expected to stage a slight rebound to a small
positive in the second half of this year, said Minister of International Trade
and Industry (MITI) Datuk Seri Mustapa Mohamed.
"Last year, the total trade of E&E sector declined by 5.7 per cent to
RM414.3 billion from RM439.2 billion in 2010," he told a press conference after
attending a dialogue with the E&E Associations 2012 today.
Mustapa also said the E&E export sector, which represents almost 40 per cent
of the country''s total exports, would increase in the second half of this year,
driven by the materialisation of orders which were made last year.
"For the first quarter of the year, exports of E&E sector declined by 1.7
per cent to RM56.16 billion from RM57.12 billion in the same period last year,
while imports decreased by 0.5 per cent to RM42.32 billion from RM42.55 billion.
"The decrease was largely attributed to the economic recession in the United
States (US) and the European debt crisis," he added.
China, the US and Singapore were the top three export destinations for the
first quarter of 2012, with export values of RM9.92 billion, RM7.76 billion and
RM7.75 billion, respectively.
-- BERNAMA
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